Primark Benefits
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Retirement Plan Relationship Manager â DB or DC Focus Trinity Pension Consultants
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Senior Defined Contribution Account Manager Nova 401(k) Associates
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MGKS
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Hessel & Associates, LLC
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401(k) Retirement Plan Administrator Midwest TPA with Remote Workforce
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Hicks Pension Services
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Manager - Defined Contribution Plans M2B Retirement Consulting LLC
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United Benefit Pensions Inc.
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Jocelyn Pension Consulting
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CMC Pension Professionals
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Loren D. Stark Company
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Director of Pension Administration Primark Benefits
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Loren D. Stark Company
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Retirement, LLC
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EPIC RPS
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Aimpoint Pension
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Site Manager / Senior Administrator Nicholas Pension Consultants
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Question 120: Companies A, B and C are in an Affiliated Service Group. Company A currently has 100 employees and a 401(k) plan that covers only employees of Company A. Company C has 2 employees and a SIMPLE IRA plan that does not cover the employees of Company A. Is the SIMPLE IRA plan in trouble for not covering the employees of Company A? (Company A does not desire to participate in the SIMPLE Plan.) This ASG has been in existince for about a year. |
Answer: Yes, the SIMPLE is in trouble, or shortly will be. |
Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.
The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.
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